Financial Sense Advisors Inc. Buys 7,510 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Financial Sense Advisors Inc. boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,241 shares of the company's stock after buying an additional 7,510 shares during the quarter. Wheaton Precious Metals makes up approximately 1.5% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 16th biggest holding. Financial Sense Advisors Inc.'s holdings in Wheaton Precious Metals were worth $5,453,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WPM. Norges Bank purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $472,648,000. Capital International Investors acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $263,810,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $72,657,000. Mackenzie Financial Corp grew its holdings in shares of Wheaton Precious Metals by 54.4% during the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock worth $181,227,000 after purchasing an additional 1,135,699 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Wheaton Precious Metals by 1,321.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after purchasing an additional 1,135,603 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Scotiabank raised their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial increased their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average price target of $93.00.

Wheaton Precious Metals Stock Performance

WPM stock traded up $4.17 during mid-day trading on Tuesday, reaching $95.58. 3,025,708 shares of the stock traded hands, compared to its average volume of 1,731,508. Wheaton Precious Metals Corp. has a one year low of $53.05 and a one year high of $97.10. The business has a 50-day moving average price of $87.93 and a two-hundred day moving average price of $77.03. The stock has a market capitalization of $43.39 billion, a PE ratio of 70.28, a PEG ratio of 2.60 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The business had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business's revenue was up 58.4% compared to the same quarter last year. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.69%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.